Greece enjoys debt sale success

Wednesday, July 14, 2010

ATHENS - Greece has successfully sold government bonds in its first attempt since the huge EU-IMF loan bail-out was launched in early May.

It had sought to raise 1.25bn euros (P11.01 billion), but the offer was oversubscribed, with bids totalling 3.6bn euros.
Greece must repay the bonds after six months, with a return rate of 4.65%, which is lower than IMF loans.The controversial bail-out package is worth 110bn euros (P969.1 billion) over three years.

However, payments are on condition that Greece slashes public spending and boosts tax revenue.

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Greece enjoys debt sale success

ATHENS - Greece has successfully sold government bonds in its first attempt since the huge EU-IMF loan bail-out was launched in early May.

BNSC powerless as fights escalate

Sportspersons flock to politics

Attention turns to relegation

Tlou wary of another near-miss

Softball team denied World Cup chance

Mabote seeks answers after squad omission

World Relays trip divides BAA

The plight of a rookie

Inspect the voters' roll!